Filing Flows

Filing Flows › Companies › Guerrilla RF › Cash flow

Guerrilla RF cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.1M in Q3 2026 · $3.9M over twelve months

Operating cash flow$2.3M
Capital spending−$259K
Free cash flow+$2.1M
Cash conversion cycle4 days

Analysis

In Q3 2026, Guerrilla RF generated $2.3M of operating cash flow and spent $259K on capital projects, leaving free cash flow of $2.1M. That is $1.8M more than in Q3 2025 ($286K).

Over the twelve months to Sep 30, 2026, operating cash flow was $4.6M; the largest uses were net borrowing (+) / repaid (−) ($1.2M), capital spending ($687K), other financing ($516K); besides operations, cash came from shares issued ($143K); the cash balance rose by $2.3M.

Operating cash flow was $2.3M against net income of −$3.7M. The largest differences: payables +$662K, receivables −$657K, inventory −$493K.

Its cash conversion cycle was 4 days (receivables 30 + inventory 79 − payables 105).

Free cash flow

Guerrilla RF: free cash flow by quarterGuerrilla RF: free cash flow by quarter−$2.9MQ4 2024−$2.3MQ1 2025−$1.6MQ2 2025$286KQ3 2025$896KQ4 2025−$1.3MQ1 2026$2.3MQ2 2026$2.1MQ3 2026
Operating cash flow less capital spending.
Guerrilla RF: operating cash flow against capital spendingGuerrilla RF: operating cash flow against capital spendingOperating cash flowCapital spending−$2.9M$78KQ4 2024−$2.3M$47KQ1 2025−$1.1M$512KQ2 2025$900K$614KQ3 2025$1.1M$204KQ4 2025−$1.3M$63KQ1 2026$2.4M$161KQ2 2026$2.3M$259KQ3 2026
Latest (Q3 2026): Operating cash flow $2.3M, Capital spending $259K.

Capital allocation, year by year

Guerrilla RF: where the cash came from (up) and went (down), by fiscal yearGuerrilla RF: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$4.8MFY2021: Net borrowing $1.7MFY2021: Shares issued $8.4MFY2021: Capital spending −$393K$10.1MFY2021FY2022: Operating cash flow −$9.2MFY2022: Net borrowing $9.1MFY2022: Shares issued $5KFY2022: Capital spending −$550K$9.1MFY2022FY2023: Operating cash flow −$13.5MFY2023: Net borrowing $5.1MFY2023: Capital spending −$102K$5.1MFY2023FY2024: Operating cash flow −$6.7MFY2024: Net borrowing −$9.2MFY2024: Shares issued $6KFY2024: Capital spending −$381K$6KFY2024FY2025: Operating cash flow −$1.4MFY2025: Net borrowing −$579KFY2025: Capital spending −$1.4MFY2025
Over these 5 years operating cash flow totalled −$35.6M; the largest uses were operating cash flow ($35.6M) and net borrowing ($9.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.3M
Debtnone
Net cash$6.3M
Due within a year$1.3M

Guerrilla RF funds itself: free cash flow was $3.9M over the last twelve months, with $6.3M of cash and investments and no debt on the balance sheet ($1.3M due within a year, 5.0× covered by cash).

Guerrilla RF: debt maturities by year (FY2025)Guerrilla RF: debt maturities by year (FY2025)$1.3MYear 1$1.7MYear 2$1.5MYear 3$1.3MYear 4
Principal due in each year as disclosed in the annual report, against $6.3M of cash and investments now.

Where the cash came from and went

Guerrilla RF: sources (+) and uses (−) of cash, Q3 2026Guerrilla RF: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.3MCash drawn (+) / kept (−)−$1.8MNet borrowing (+) / repaid (−)−$519KCapital spending−$259KOther financing$170KShares issued$37K
Guerrilla RF: sources (+) and uses (−) of cash, TTM to Q3 2026Guerrilla RF: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$4.6MCash drawn (+) / kept (−)−$2.3MNet borrowing (+) / repaid (−)−$1.2MCapital spending−$687KOther financing−$516KShares issued$143K

From profit to cash

Guerrilla RF: net income to operating cash flow, Q3 2026Guerrilla RF: net income to operating cash flow, Q3 2026Net income−$3.7MDepreciation & amortization$349KStock-based pay$100KReceivables−$657KInventory−$493KPayables$662KDeferred revenue$11KPrepaid and other assets−$10KOperating cash flow$2.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202630791054
Q2 2026407810810
Q1 202640791163
Q4 20252674964
Q3 202532851098
Q2 2025378611111
Q1 2025439610929
Q4 2024429910735

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$2.3M−$259K−$519K$37K−$1.8M$2.1M
Q2 2026$2.4M−$161K−$865K—−$1.3M$2.3M
Q1 2026−$1.3M−$63K$581K—$934K−$1.3M
Q4 2025$1.1M−$204K−$599K—−$139K$896K
Q3 2025$900K−$614K−$1.0M—$794K$286K
Q2 2025−$1.1M−$512K$364K—$1.3M−$1.6M
Q1 2025−$2.3M−$47K$575K—$1.8M−$2.3M
Q4 2024−$2.9M−$78K−$216K—$3.3M−$2.9M

Guerrilla RF: income statement and cash flow

Guerrilla RF, Q3 2026: revenue $10.1M (+61% year over year), operating margin 24.1%. The chart follows the revenue to costs, profit and cash.

Guerrilla RF: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.